SOURCE: Prevention Insurance

September 10, 2007 11:54 ET

Prevention Insurance Updates on the Filing of 10K and Proposed Merger

LAS VEGAS, NV--(Marketwire - September 10, 2007) - Prevention Insurance (OTCBB: PVNC) announces that it has filed its 10K after an extension due to utilizing a new auditing firm and the additional financial work required to submit audits and corresponding stub statements to the board to evaluate the proposed merger between Prevention and Shenyin Developing Company. Shenyin is a top producer of pulp, paper, stationary, and furniture products in Shanghai, China. According to Mr. Goldsmith the merger is on track and should make it to the board for consideration by the end of the month.

About Prevention Insurance:

Prevention Insurance is a public insurance holding company that is negotiations to merge with opportunities that will help the company expand into the global markets.

Safe Harbor Statement:

Forward-looking statements and comments in this news release are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements regarding potential future plans and objectives of Prevention Insurance are forward-looking statements. Such statements are necessarily subject to risks and uncertainties, some of which are significant in scope and nature beyond Prevention Insurance's control. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially depending on many factors, including those described above. Prevention Insurance cautions that historical results are not necessarily indicative of the company's future performance.

Contact Information

  • Contact:
    Prevention Insurance
    Scott Goldsmith
    (702) 732-2758
    Email Contact